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Main Street, Hackthorn, Lincoln

East Midlands

£150,000
Listed on 15/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
994 sqft

Description

This charming two-bedroom home presents a unique opportunity for renovation and investment in the picturesque village of Hackthorn, situated just six miles north of Lincoln. While the property requires modernisation, its solid structure and traditional features offer a blank canvas for those looking to create a personalized living space or capitalize on the area's growing demand for quality housing. Hackthorn is known for its rich history, featuring the 18th-century Hackthorn Hall set among formal gardens and landscaped parkland. The village boasts essential amenities including a village hall, the Forge Arts Centre, and Hackthorn Church of England Primary School, making it an appealing location for families and individuals alike. The surrounding countryside offers ample opportunities for outdoor activities, providing a serene lifestyle within easy reach of urban conveniences. Just 2.6 miles away, the vibrant village of Welton enhances accessibility to further amenities including shops, schools, pubs, and recreational facilities. The excellent transport links via the A15 and A46 connect residents to both Lincoln and Newark Northgate railway station, which offers direct trains to London and Edinburgh. This prime location not only provides convenience but also holds significant investment potential as rural properties continue to attract interest from buyers seeking a tranquil yet connected lifestyle. The home features mains water and electricity with shared private drainage and oil-fired central heating. Although currently rated E on the Energy Performance Certificate, this factor presents an opportunity for energy-efficient upgrades that could enhance property value post-renovation. With freehold tenure and vacant possession available upon completion, this property invites prospective buyers to explore its potential as both a comfortable residence or an investment opportunity in a sought-after area.

Investment Analysis

(LN2 area)

Below Market Value

This property is priced -38.9% below area average per sq ft

-38.9%
Potential saving
This Property
£151/sq ft
Area Average
£247/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£270,015
10% above area average per sq ft
Potential ROI
+50.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (LN2)

Area prices are falling by +3.0% over the last 12 months
3 year growth: -4.1%
5 year growth: 8.7%
Investment Disclaimer: Analysis based on LN2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Main Street, Hackthorn, Lincoln
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£549
Based on a loan of £112,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE